Canada Robeco Asset Management Company's initial public offering (IPO) subscription period opens on Thursday, October 9. The deadline for applying to purchase shares of this company is Monday, October 13. What indications did the grey market provide about this IPO, and what guidance did market experts offer regarding investment in this IPO?
Through this mutual fund house's IPO, Rs 1,326 crore will be raised from the market. This entire IPO is an offer for sale. That means no fresh shares are being issued. Rs 4.99 crore shares will be sold through the offer-for-sale to raise this money. The issue price per share of this company is Rs 253 to Rs 266. An IPO lot consisting of 56 shares has been created for retail investors. That means the minimum cost to buy shares of this company will be approximately Rs 14,896.
This initial public offering (IPO) has created a hyped up atmosphere in the grey market. Upon the opening of subscriptions, the IPO GMP for this company is 13 percent. This implies that the company's share price could rise by Rs 35 at the time of listing.
Market experts believe that investors can become highly profitable by investing in this company's IPO. Therefore, they have advised subscribing to this IPO. Canada Robeco Asset Management Company has a P/E ratio of 31.78. In the first quarter of the current financial year, this company's assets increased by 9 percent to Rs 735 crore.
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